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Shack Homebuilders Limited is evaluating a new promotional campaign that could increase home sales. Possible outcomes and probabilities of the outcomes are shown next. Possible
| Shack Homebuilders Limited is evaluating a new promotional campaign that could increase home sales. Possible outcomes and probabilities of the outcomes are shown next. |
| Possible Outcomes | Additional Sales in Units | Probabilities | ||||
| Ineffective campaign | 20 | .40 | ||||
| Normal response | 110 | .40 | ||||
| Extremely effective | 140 | .20 | ||||
| Compute the coefficient of variation. (Do not round intermediate calculations. Round your answer to 3 decimal places.) |
| Coefficient of variation |
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How Finance Works
Authors: Mihir Desai
1st Edition
1633696707, 978-1633696709
